Calmwater Asset Management, Llc
- Regulatory AUM
- $793M
- Discretionary
- $793M
- Clients
- 7
- Avg AUM / client
- $113M
- Accounts
- 7
- Employees
- 8
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 7 | $793M | 100.0% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $828M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Calmwater Real Estate Credit Fund Iv, Lp feeder | Real Estate Fund | Delaware | $396M | 28 |
| U.S. Real Estate Credit Fund Iii, Lp feeder | Real Estate Fund | Delaware | $182M | 20 |
| U.S. Real Estate Credit Minimaster Fund Iii, Lp master | Real Estate Fund | Cayman Islands | $181M | 18 |
| Calmwater Real Estate Credit Fund Iv (Pf), Lp feeder | Real Estate Fund | Delaware | $48.8M | 2 |
| Calmwater Capital 3, Llc | Real Estate Fund | California | $19.4M | 1 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Grantham, Larry, William | Managing Principal | Apr 2015 (11y) | 10% – 25% | |
| Cohen, David, Andrew | Chairman | Jan 2017 (10y) | Less than 5% | |
| Chang, Dean, Kao | Principal/General Counsel | Mar 2018 (8y) | 5% – 10% | |
| Blechner, Myles, Reid | Chief Compliance Officer | Oct 2022 (4y) | Less than 5% | |
| Sato, Mark, Hiroichi | Chief Financial Officer | Jan 2023 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cam Holdings Management, Llc | Member | Jan 2024 | A | 75% or more |
| The Cht Trust | Member | Jan 2017 | B | ≈ 37.5% – 75% via Cam Holdings Management, Llc |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- The Cht Trust: 50% – 75% of Cam Holdings Management, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $828M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Calmwater Real Estate Credit Fund Iv, Lp | Real Estate Fund | $396M | $5.0M | 28 |
| U.S. Real Estate Credit Fund Iii, Lp | Real Estate Fund | $182M | $5.0M | 20 |
| U.S. Real Estate Credit Minimaster Fund Iii, Lp | Real Estate Fund | $181M | $5.0M | 18 |
| Calmwater Real Estate Credit Fund Iv (Pf), Lp | Real Estate Fund | $48.8M | $5.0M | 2 |
| Calmwater Capital 3, Llc | Real Estate Fund | $19.4M | $5.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 2.1 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗